Many people believe that the goal of international trade should be to create jobs. Consequently, when they see workers laid off due to a firm’s inability to compete against cheaper and better imports,...

Many people believe that the goal of international trade should be to create jobs. Consequently, when they see workers laid off due to a firm’s inability to compete against cheaper and better imports, they assume that trade must be bad for the economy. Is this assumption correct? Why, or why not?